Photo: Mlaurenti at English Wikipedia · CC BY-SA 3.01,045 homes sold in Monroe Township in the last year, at a typical $470K
Redfin reports Monroe Township’s sales by ZIP code, so these figures are for ZIP 08831, which takes in Monroe Township and the area around it. Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Monroe Township homes are listed.
Every place Monroe Township homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Monroe Township.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
9% of Monroe Township’s sales are condos, at $75K less than a house
926 houses and 95 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 926 sold in 12 months
- Per square foot
- $292NJ $331
- Days to sell
- 72
- Sold over asking
- 28%
typical sale · 95 sold in 12 months
- Per square foot
- $319NJ $450
- Days to sell
- 94
- Sold over asking
- 19%
About as many homes sell as usual, at twice the 2016 price
1,045 sales in the last year, against 1,357 in 2019 and a low of 815 in 2012. The typical sale went from $235K in 2016 to $470K.
Source: Redfin Data Center, MLS sales; for ZIP 08831, which takes in Monroe Township and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales.
What $450K buys in Monroe Township
Check a listing against what Monroe Township homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Monroe Township are more common than before the pandemic, but a third fewer homes come up for sale
We read every month of home sales in ZIP 08831 since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 1,045 sales.
If you’re buying in Monroe Township
- Shop in March. It brings about 118 new listings a month, close to the busiest month, with fewer bidding wars (23% over asking).
- Bid near asking. Buyers paid 99% of the list price on average; 27% paid over.
- You’ll usually have time. Only 28% of homes go under contract within two weeks; the typical one takes 75 days.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 142 a month), but July is the most competitive: 30% of July sales close over asking. March and April offer nearly as much choice with fewer homes bid up (23%). March has the least competition (23%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than New Jersey
| Monroe Township now | 2017–19 | 2021 peak | NJ now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 27% | 14% | 50% | 48% |
| Gone within two weeksShare of homes under contract within 14 days | 28% | 14% | 11% | 31% |
| Listings with a price cutShare of homes for sale that cut their price | — | — | — | 17% |
| Price paid vs. askingAverage sale price ÷ list price | 99% | 97.5% | 101% | 101.2% |
| Days to sellMedian days from listing to contract | 75 | 78 | 52 | 45 |
309 homes for sale on a typical day
That’s 1.6 times the 2023 low (195), 33% fewer than in 2017–19 and well under 2019’s 512.
Since 2019, houses are up 64%, condos 648%
A house typically sold for $491K in the last year (926 sales), a condo for $416K (95).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Source: Redfin Data Center, ZIP code tracker; for ZIP 08831, which takes in Monroe Township and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Monroe Township home costs about $3,163 a month
Price: Monroe Township’s typical sale, last 12 months. Property tax at Monroe Township’s 1.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Monroe Township is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. January has the fewest, about 81.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $470K home, about $8,540 a year.
Taxes vs. neighborsSchools
The schools grade for Monroe Township, from test results, graduation and how much students grow.
Schools in Monroe TownshipTypical commute
The average one-way trip to work for people who live in Monroe Township.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Concordia, Whittingham, The Ponds and Clearbrook sell for less a square foot
The busier markets within 25 miles of Monroe Township, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Monroe Township (ZIP 08831) | 1,045 | $470K | $292 | 27% | 75 |
| Clearbrook | 167 | $384K | $277 | 19% | 71 |
| Concordia | 104 | $377K | $265 | 15% | 86 |
| Whittingham | 102 | $508K | $263 | 32% | 73 |
| Jamesburg | 51 | $449K | $315 | 55% | 61 |
| The Ponds | 39 | $417K | $249 | 28% | 76 |
| Regency at Monroe | 38 | $768K | $331 | 32% | 73 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Monroe Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Monroe Township. People who follow the town see it, and so do people comparing Monroe Township with their own town. No commission, no listing fee.
Questions about buying a home in Monroe Township
What do homes sell for in Monroe Township, NJ?
1,045 homes sold in the year to May 2026 at a typical $470K, $292 a square foot. Houses sold for about $491K, condos for about $416K.
Is Monroe Township a buyer’s or seller’s market?
A balanced market: 369 homes were for sale in May 2026 and 82 sold, about 4.5 months of supply. Buyers paid 99% of asking on average.
When is the best time to buy in Monroe Township?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Monroe Township?
About 1.8% of a home’s value a year. On a $470K home that’s near $8,540.
Where can I see homes for sale in Monroe Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Monroe Township’s MLS listings; the search links above open each one filtered to Monroe Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 08831, which takes in Monroe Township and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).